Fujikon Industrial Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 March 2024
Fujikon Industrial Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2024. For the period, the company expects to record a decrease in profit attributable to the equity holders of the Company by approximately 30%-35% for FY2024. The decline in the financial performance of the Group was mainly due to (i) the decrease in sales orders regarding the Headphones from the Customer; (ii) inventory provision of approximately HKD 29 million being made as a result of certain Headphones-related inventories becoming
obsolescence; and (iii) provision for warranty claims of approximately HKD 17 million being made as a result of the Quality Issue.